Just looking at this one at present if I can find out what it actually does. The Â£100k raised from Ambrosia doesn't say much other than for working capital and the number of shares issued for it was clearly a deal to avoid any trigger of a takeover situation by Ambrosia so in that sense the premium is a bit of a false one. Have to dig a bit more pre investing.
Torah they have given themselves the room if needed for an RTO. Irrespective this still trades well below NAV on a tiny market cap of 0.35M. The retained losses will be very attractive to a profitable co lookign for an RTO.
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